imho....fair enough...but I do prefer to see the targets as being in a 'zone' rather than looking for a single price point. Today was a good example. The technical chart shows various target markers,like the bollinger band, or pivot points, or fibonacci levels, all at different spots, from 1.03-1.09,and any of them could get hit. It made a bounce at 1.10 because that was a key price point from the past. its risky to try and pinpoint a single price. Many times Ive missed my stink bids by 1 or 2 pennies, as others have... but the ballpark zone where I see what the target area is, gives me a chance to watch price action, In that zone, and make a decision.
So its not a "silly" idea at all, for me.When price moves into a target zone,like a train pulling into a station, then watching intraday on the 5 minute or even 1 minute can fine tune it.
At 1.06 was the decision point to buy today...106/107
1.16 showed intraday resistance, and unlike the deception of the pumper who mislead folks by saying wild buying was taking price thru 1.16....it turned out to be a misleading deception.as is screaming that price will certainly surge to 2 dollars. Eventually , 2 dollars is a target zone to anticipate....but first comes the big Resistance zone. 1.25-1.35-1.45
Right now, the downwave target zone is being tested.... 1.10-98-87 and all points in this zone are in play. some pivot at 1.03 is a target. 1.05 held nice too. 98 cents is a big target pivot. 1.32 is a big Resistance point to overcome. The 20 ma ,around 1.30 will be a magnet where sellers could decide to Hammer it down. It all just has to be watched in my opinion.
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